Rice Energy Uses Hedging, Firm Transport To Increase Production During Downturn

摘要

After recording substantial produc- tion gains in the quarter, Rice Energy Inc. managed to protect against Appalachian basis differentials through hedging and frm transportation contracts to other markets. “This market has certainly rendered many Appalachian areas uneconomic and has forced most producers to ship devel- opment to other areas, or in the case of producers who have no economic acreage at current prices, suspend their develop- ment altogether,” CEO Daniel Rice IV told investors during Rice Energy’s third quarter earnings call Thursday.